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Non-gap Renko Chart Creator EA

  • #501
  • Edited Oct 4, 2019 3:57am Oct 3, 2019 7:18am | Edited Oct 4, 2019 3:57am
Quoting Giantpanda
hi!Matt! I used Renko EA version 1.62 and found a bug. When the market changes sharply and prices fluctuate very quickly, MT4 will pop up a reminder: Wait for the connection, and the price of the M3 chart created by EA will stop changing until I click on the confirmation button in the reminder box before returning to normal, which happens almost every day. How to solve this situation? My settings are shown in the following figure. {image}
Hi Giantpanda!

Thanks for reporting the issue you encountered.

This happens due to an interruption in the connection between your MT4 platform and your broker's server (probably deliberately by the broker to prevent scalping algorithms from taking profit). I will fix the issue of popping up the reminder window, but I cannot do much for the interruption your broker imposes.

Best,
Matt
Trading is the hardest way to make easy money...
  • #502
  • Oct 3, 2019 3:20pm Oct 3, 2019 3:20pm
Version 1.63 released (I updated Post 1). In this version the connection warning dialog box removed.
Trading is the hardest way to make easy money...
  • #503
  • Oct 3, 2019 10:39pm Oct 3, 2019 10:39pm
Quoting MathTrader7
{quote} Hi Giantpanda! Thanks for reporting the issue you encountered. This happens due to an interruption in the connection of your MT4 platform to your broker's server (probably deliberately by the broker to prevent scalping algorithms from taking profit). I will fix the issue of popping up the reminder window, but I cannot do much for the interruption your broker imposes. Best, Matt
Thank you very much. Matt!This is the best Renko chart I have ever used. I will try to communicate with brokers.
  • #504
  • Oct 5, 2019 4:01am Oct 5, 2019 4:01am
Hello,

Thank you MathTrader7 for your nice work around this no-gap version of Renko. Actually, this is exactly what I am looking for given that my strategy sends the order at the Open point of a brick. Unfortunately, the Open point is different from the Close point of the previous brick and the consequences of it between Backtest and reality are catastrophic.
Sorry for asking you that but would it be possible for you to unlock/allow H4(240) and D1(1440) in this EA? Without it, I cannot run my strategy on the tester.

Thanks again.
  • #505
  • Oct 7, 2019 5:20am Oct 7, 2019 5:20am
Hello! Matt,
Will Renko 1.63 automatically connect after removing warning? Will the Renko chart price automatically restore the quotation?
Sorry, my English is really rotten.
  • #506
  • Edited 4:47pm Oct 7, 2019 6:01am | Edited 4:47pm
Quoting FXgenial
Hello, Thank you MathTrader7 for your nice work around this no-gap version of Renko. Actually, this is exactly what I am looking for given that my strategy sends the order at the Open point of a brick. Unfortunately, the Open point is different from the Close point of the previous brick and the consequences of it between Backtest and reality are catastrophic. Sorry for asking you that but would it be possible for you to unlock/allow H4(240) and D1(1440) in this EA? Without it, I cannot run my strategy on the tester. Thanks again.
Hi FXgenial!

You're welcome! Hope this Renko builder helps you with your trading success.

Regarding your question, to be honest, I didn't understand what you mean by saying "unlock/allow H4 and D1 in this EA". This Renko builder has nothing to do with locking those timeframes! This EA just uses M1 data to reconstruct history Renko bars, and ticks for live Renko bars.

Best,
Matt
Trading is the hardest way to make easy money...
  • #507
  • Oct 7, 2019 6:03am Oct 7, 2019 6:03am
Quoting Giantpanda
Will Renko 1.63 automatically connect after removing warning?
Yes, it does!

Quoting Giantpanda
Will the Renko chart price automatically restore the quotation?
Partly it does! This feature has not been fully implemented.
Trading is the hardest way to make easy money...
  • #508
  • Oct 8, 2019 12:18pm Oct 8, 2019 12:18pm
Quoting kaszana10
hi, please help, on the gold where there are quotes 3 decimal places ea works, but if borker has quotes 2 decimal places ea does not work. This is important because the broker with 2 decimal places has a much smaller spread. please help
**Please post your questions to the correct thread. I moved your question here.**

I will look at the problem you are reporting to see why it should not work on a GOLD chart with 2 decimal broker.
Trading is the hardest way to make easy money...
  • #509
  • Oct 8, 2019 3:43pm Oct 8, 2019 3:43pm
Quoting MathTrader7
{quote} **Please post your questions to the correct thread. I moved your question here.** I will look at the problem you are reporting to see why it should not work on a GOLD chart with 2 decimal broker.
Thank you, I have optimistic results, some brokers have 20 pips on gold and some 2-4 pips, so ea work could be better, if there was an interesting result, of course, share the idea. I'll be waiting. best regards
  • #510
  • Oct 20, 2019 2:53pm Oct 20, 2019 2:53pm
Quoting MathTrader7
{quote} Hope this Renko builder helps you with your trading success.
Thank you! Hope so...

Quoting MathTrader7
{quote} Regarding your question, to be honest, I didn't understand what you mean by saying "unlock/allow H4 and D1 in this EA". This Renko builder has nothing to do with locking those timeframes! This EA just uses M1 data to reconstruct history Renko bars, and ticks for live Renko bars. Best, Matt
Well, in the indicator I currently use, in a first place I used it normally but given that I wanted to make simulation of a strategy with the Renko, I had to create myself a file with a timeframe available in the strategy tester. So I put in comments the two lines below in bold as you can see.

switch(RenkoTimeFrame)
{
case 1:
case 5:
case 15:
case 30:
case 60:
// case 240:
// case 1440:
case 10080:
case 43200:
case 0:
Print("Error: Invald time frame used for offline renko chart (RenkoTimeFrame)!");
bStopAll = true;
return(0);
}
So with such a modification, I am allowed to test my strategy on a Renko chart. But, with a normal Renko indicator, the open of a brick is no longer the close of the previous brick but how it appears in the graph. Well it is the same when we have two consecutive bricks of the same trend (2 uptrend bricks or 2 downtrend bricks) but when the trend reverses, I want to cancel this gap which makes a big difference in the result of my strategy between tester and realtime (demo account obviously).

Actually, how your indicator works is terrific and the exact answer to this backtest issue. Thank you for your significant contribution anyway.
  • #511
  • Oct 21, 2019 3:32am Oct 21, 2019 3:32am
Good morning Matt,

Please, could you tell me why coders seem to struggle to create a simple EA for Renko charts especially when you specify that the price should be taken on the close of the candle?
Looking forward to hearing from you.
Continued success to you.

Hercs.
Hercs
  • #512
  • Oct 21, 2019 4:02am Oct 21, 2019 4:02am
@MathTrader7 It's the best EA to have Renko I've ever found, thank you very much for sharing and maintaining it afterwards.
Will you also upgrade the multi version to 1.63 ?
  • #513
  • Oct 21, 2019 4:16am Oct 21, 2019 4:16am
Quoting Hercs
could you tell me why coders seem to struggle to create a simple EA for Renko charts [...] Hercs.
Hello Hercs,
Was your comment part of the answer to questions people may ask to the author of the "indicator" actually an EA in this situation? Or was that a proposition to people to avoid asking question in forums (fora for purists), the very place made for them? The bit MathTrader7 published was a .ex4 file, not a .mq4 file, for which no way to modify it. It would mean that the so-called "coder" would have to start over coding the entire EA or indicator depending on which model is used. The bit of code I published above was part of an entire indicator code I could modify. For me, it is more important to focus on coding my own strategy than wasting time on possibly existing things. Who could blame me for thinking like that? Apparently, not you. Maybe would you be so kind to give your bit of contribution.
  • #514
  • Oct 21, 2019 5:08am Oct 21, 2019 5:08am
Quoting FXgenial
{quote} Hello Hercs, Was your comment part of the answer to questions people may ask to the author of the "indicator" actually an EA in this situation? Or was that a proposition to people to avoid asking question in forums (fora for purists), the very place made for them? The bit MathTrader7 published was a .ex4 file, not a .mq4 file, for which no way to modify it. It would mean that the so-called "coder" would have to start over coding the entire EA or indicator depending on which model is used. The bit of code I published above was part of an...
Hi FxGenius - spelling intended - but tongue in cheek,
No, it was actually neither.
I only use Matt's EA to create my Renko chart and I have a very simple strategy running on the Renko chart. I have come to realize that I cannot beat the algo's that are being used today and therefore needed someone to code this EA for me. One very smart trader did that, but when I wanted to change the indicator, he was too busy as he was busy developing his own. Great guy with wonderful skills. Then I asked someone else who promised the "world" and could not produce as he was no coder but a facilitator I discovered a months later and then he blamed it on me for not "having a script"
Long story short, I am still looking for someone to do me that favour. I always included Matt's EA so that they could use the correct Renko candles though.
If you have any suggestion(s), I would love to hear them, please.
Best wishes,
Hercs.
Hercs
  • #515
  • Oct 21, 2019 6:01am Oct 21, 2019 6:01am
Quoting Hercs
{quote} Hi FxGenius - spelling intended - but tongue in cheek, No, it was actually neither. I only use Matt's EA to create my Renko chart and I have a very simple strategy running on the Renko chart. I have come to realize that I cannot beat the algo's that are being used today and therefore needed someone to code this EA for me. One very smart trader did that, but when I wanted to change the indicator, he was too busy as he was busy developing his own. Great guy with wonderful skills. Then I asked someone...
Hem, sorry for the misunderstanding, then. Well, for one thing, I used this alias because I ran out of idea. It is a reference to the first name Iphigenie but a little hard to find one which is not already used by someone else. Well, my main concern to make it clear through a picture is the fact that the Strategy tester will consider the open of a candle as the open of the candle as save in the history file. On the other hand, in a real time scenario, I will open my trade at the real open of the candle which will be different from the one of the candle point "open" in case of change of direction. I know it seems to be a detail but in this case I pass from high profit performance in backtest to lossy performance in the field. That's why I needed an indicator the way MathTrader7 coded it. I am still working on the code of the indicator because it would drastically change my current results in backtest but making more reliable results. So the EA MathTrader7 created and gently shared here is perfect but the small detail is if I want to use it in backtest, I am compelled to use timeframes available on the tester, timeframes which are not allowed on this EA.

I prefer programming EAs instead of indicators because I am not familiar at all with all these OnCalculate things and time series which are read in a direction or the other. EAs are more "linear".

I don't understand what kind of issue you face with you coding your indicator or strategy. I will certainly not make the whole code for you because it requires a lot of time and I barely have for myself but maybe I can give some hints I guess in another thread of this forum. The two things I recommend are : having a very clear idea of what are your requirements, and 2 start with an existing (working obviously) bit of code.
Attached Image (click to enlarge)
Click to Enlarge Name: differences Strategy_tester and Real condition market.png Size: 46 KB
  • #516
  • Oct 21, 2019 6:12am Oct 21, 2019 6:12am
Quoting Hercs
{quote} Hi FxGenius - spelling intended - but tongue in cheek, No, it was actually neither. I only use Matt's EA to create my Renko chart and I have a very simple strategy running on the Renko chart. I have come to realize that I cannot beat the algo's that are being used today and therefore needed someone to code this EA for me. One very smart trader did that, but when I wanted to change the indicator, he was too busy as he was busy developing his own. Great guy with wonderful skills. Then I asked someone...
Hi Hercs!

Send me your Renko trading strategy. I will try to program it when I have some free time to explore new ideas...

Best,
Matt
Trading is the hardest way to make easy money...
  • #517
  • Oct 21, 2019 6:19am Oct 21, 2019 6:19am
Quoting FXgenial
{quote}So the EA MathTrader7 created and gently shared here is perfect but the small detail is if I want to use it in backtest, I am compelled to use timeframes available on the tester, timeframes which are not allowed on this EA. {image}
I will modify my non-gap Renko builder EA such that if you run it in the strategy tester (only in the strategy tester!) you can set M1 timeframe, so that you will get the corresponding Renko HST files in M1 (if you know what I am talking about).

I will release a new version with such capability as soon as I have some free time to work on it....

Best,
Matt
Trading is the hardest way to make easy money...
  • #518
  • Oct 21, 2019 6:44am Oct 21, 2019 6:44am
Quoting MathTrader7
{quote} Hi Hercs! Send me your Renko trading strategy. I will try to program it when I have some free time to explore new ideas... Best, Matt
Hi Matt,
You simply are an incredibly good person and I thank you for this invitation which I embrace with open arms.
I will do so later this afternoon, early evening.
Best wishes always,

Hercs.
Hercs
  • #519
  • Oct 21, 2019 6:45am Oct 21, 2019 6:45am
Quoting MathTrader7
{quote} I will modify my non-gap Renko builder EA such that if you run it in the strategy tester (only in the strategy tester!) you can set M1 timeframe, so that you will get the corresponding Renko HST files in M1 (if you know what I am talking about). I will release a new version with such capability as soon as I have some free time to work on it.... Best, Matt

Thank you so much MathTrader7. Actually, I convert the M1 real timeframe to an offline H4 (240) or D1 (1440) which becomes my Renko history. I guess I can anyway settle on your solution and convert a M5 real timeframe to the M1 Renko offline chart.
Thank you anyway. All the best.

William
  • #520
  • Oct 21, 2019 6:58am Oct 21, 2019 6:58am
Quoting FXgenial
{quote} Thank you so much MathTrader7. Actually, I convert the M1 real timeframe to an offline H4 (240) or D1 (1440) which becomes my Renko history. I guess I can anyway settle on your solution and convert a M5 real timeframe to the M1 Renko offline chart. Thank you anyway. All the best. William
I will write an instruction about it whenever I release the new version with this feature....
Trading is the hardest way to make easy money...
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